All things considered, Fifth Third (FITB)
is a good bank dealing with what should be relatively short-term
challenges. The states that make up the core of the business, including
Ohio, Michigan, Indiana, and Illinois, aren't seeing particularly good
growth right now, but manufacturing activity appears to be improving and
Fifth Third is focusing on growing its presence in more promising
markets like Florida and North Carolina. Fifth Third does appear to be
undervalued on the basis of its quality, but management may find it
challenging to deliver the better-than-high single-digit earnings growth
that already seems factored into the price.
Please follow this link for more:
Flat Rates And Business Transitions Challenge Fifth Third
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